Job Market India 2015 | an essential report

latest and factual report on Job Market India 2015 is released by Skills Ahead. It explains the current demands of Engineers and MBA graduates across all Industry sectors in India. Also it provides in-depth analysis on Skill demand and supply gap and way forward.

An essential Report

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Job Market India |2015 | an essential Report

Executive Summary
Year 2014 has recorded an average
opportunity growth in employment sectors
across India. Majority of employments has
come from IT/ITES and Manufacturing Sectors.
Year 2015, the industry is hoping that the
reforms announced in the budget 2015 will
create new jobs in the country especially in
sectors such as infrastructure and
manufacturing besides the traditional IT
sector.
"As far as job creation and hiring scenario is
concerned, 2015 will be a much better year in
comparison to 2014 given the increased
stability in the political and economic environment of the country. The phenomenon of job
creation will be led by the IT sector followed by the services industry and even the
manufacturing sector is showing healthy signs," said Hitesh Oberoi, managing director and CEO
Info Edge (India) Ltd.
According to a report by job portal naukri.com, 62% recruiters and 89% consultants expect
creation of new jobs in the first half of 2015 itself. While 56% of recruiters expect the new job
creation to be in the IT sector while 28% of the recruiters expect more jobs to come up in BFSI
space.
Skills Ahead®, India’s most efficient training and consultancy firm, is presenting an essential
report on “Job Market India |2015 “.

Acknowledgements
India is heading up on the skill development front.
Government at Centre has projected significant focus
on skill development in its budget 2015. Increased
emphasis on skill development and education will help
prepare a number of youth for jobs, which will help
curb the talent crunch issue that the country is currently
facing.
Expanding horizontally, government has also offered
sops to SME businesses, which is expected to boost the
job market. Budget allocation to start ups will
encourage entrepreneurs in Tier 2 and 3 cities and
create new jobs there.
The LinkedIn 4th Annual Report - 2015 India Staffing
Trends offers great insights for jobseekers and
employers on what to expect from the hiring market in
2015.
India Skills Report - 2015
Realizing the urgent need to provide accurate analysis,
CII partnered with Wheebox, PeopleStrong and LinkedIn to bring out the India Skills Report
which is a conscious, One-of-a-kind effort to provide an insight into the hiring trends of the
market while understanding the needs of the job seeker and organisations.
The report has reached out to about 3, 00,000 students across 29 states and 7 union territories
from the supply side and corporate players from 10 diverse industry sectors on the demand
side.
The Employability skill assessment test launched on Wheebox.com reached all 34 States and
Union Territories and 1,800 educational campuses across India.
This year, the test assessed the talent pool entering the job market on various parameters like –
Cognitive Ability, Numerical & Logical Ability, Communication Skills and Behavioral traits. About
3, 00,000 students spread across these campuses were assessed on 244 domain areas and skill
gaps that are scientific in nature and were validated using reliable Talent assessment tools.

We would thankfully like to acknowledge India Skills Report 2015 Wheebox, All India Council
of Technical Education, NDTV profit, Naukri.com, India Today and The Economic Times for
publishing valuable inputs referenced in this report throughout.

Disclaimer: This report is compiled based on analysis & surveys conducted by Skills Ahead® and digital media
information sources. Information, facts & figures presented in this report are volatile and can‘t be claimed by any
individual or organization in any respect.

Job Market | India 2015
A significant improvement in job market has been predicted from Wheebox, ET, Naurki.com and
Linked-in Surveys.
“The Job market continues to sustain the
momentum gained in February and March
2015. This growth is predominantly driven by
sectors viz., Information Technology, Banking
and Financial services. Looks like good times
are ahead for jobseekers as there is a huge war
for high quality talent in some of these sectors.”

“30% increase in the volume of first time job
seekers is ready to hit the job market by
Dec’2015, this increase is simply manageable
against the growth in new opportunity sectors of
Indian Job Market. The positive trends are going
to be even better in Q1 of 2016”

The overall job market in India shows up clear
indicatives of optimistic growth in 2015.
Companies are gearing up for large-scale
recruitments in almost all sectors.
Job Market is planning to create nearly 10 lakh
new jobs and allow performance linked pay hikes
up to 40% .With an improving economy, initiatives
such as 'Make in India', and plans to create 100
smart cities are likely to further stimulate job
growth. The Indian job scenario is slated to witness
more stability, especially in sectors such as
manufacturing and automation.
The gap between hiring volumes and recruitment
budgets is gradually narrowing consequently 81%
of Indian staffing leaders plan on increasing their
placement budgets.

Hospitality sector is expected to hire maximum
Of the fresh management graduates whereas
IT & Telecom will collectively foresee 24% job
growth as compared to year 2014.
Non-conventional diversified sector which includes
E-commerce, Social initiatives and startups are
going to generate 52.5 % new jobs preferably for
Engineering Graduates. This sector is
growing exponentially and expected to positively
impact other employment sectors.
Core employment sector is growing with good speed
And ready to hire 33% more than previous year.
E-commerce and startups continue to contribute
significantly to the growth of the job market in 2015 .

Every sector of industry is poised with
technological advancements. Manufacturing
industry is upgrading its machinery from
conventional to automated robotic systems, health
care industry is now heavily dependent on
technology and this is the same case with FMCG,
hospitality, automotive and core sectors.
Interworked digital media has become the part of
daily life. Ranging from a simple prepaid mobile
recharge to ordering food is possible by just few
clicks on a related website. Even that too is
reshaped into a mobile-app. As long as your smartphone is in your hands you have the facility to avail
for any product or service anywhere just by
rotating the figure on mobile screen.
Services of BPO, KPO, ITES and IT sectors are used
by most of us every-day.
As a result, Engineers will be in sustainable
demands in almost every job sector. Telecom and
allied industry is going to be biggest number of
Engineers in year 2015 especially in Delhi/NCR,
Bangalore, Hyderabad, Kolkata and Maharashtra.

Core sectors are mainly owned by Central Government,
State Government and PSUs. Approximately 10000 plus
vacancies are required to be filled by fresh engineering
graduates in year 2015.
The B.Tech jobs 2015 will be for candidates from
disciplines mechanical, civil, electronic, electrical,
computer science, aeronautical, textile, instrumentation,
biotech and many other branches. There are oceans of
opportunities to the candidates who are going to
complete their education this year.
Vacancy list includes BHEL, BEL, Coal India, HPCL, EIL,
BPCL, Mazagon Dock, MECON, NACL, NLC, NMDC, SAIL,
NTPC, IOCL, ONGC, Power Grid, Railtel, RITES, UCI etc.
with significant number of posts varying from Assistant
trainees to Executive Technical officers. Banking sector is
also geared up to hire thousands of engineering
graduates for junior engineer, IT officer and other
technical posts. List includes RBI and many other national
and private banks.
Overall, engineering graduates will have 2015 as good
employment year not only in corporate world but in
Government/PSU owned sectors as well.

2015 hiring outlook holds steady for MBA
graduates as 90% of the employers are planning to
increase the number of job openings compared
with 2014. In addition, more than half of
employers (54% to 74%) plan to increase starting
annual base salaries at or above the rate of
inflation in 2015 for new MBA and business
master’s hires.
According to GMAC, the likely driver of this
positive job outlook is the continued prevalence of
a majority of firms focused on organizational
growth in 2015. Unlike recent post-recessionary
years, when many companies were preoccupied
with efforts to overcome financial challenges, the
majority of companies represented in the poll are
focused on expansion plans and growth, enabling
more companies to hire.

The Graduate Management Admission Council (GMAC)
further claims  72 percent of employers expect to hire MBAs
in 2015, compared with 69 percent that hired
them in 2014.
 41 percent expect to hire masters in
management graduates compared with 30
percent that hired them in 2014.
 34 percent expect to hire master of
accounting graduates, compared with 31
percent that hired them in 2014.
 35 percent expect to hire master of finance
graduates, compared with 31 percent that
hired them in 2014.
Mostly major 11 sectors pictured in above graph are
showing steady and sustainable hiring demands for
MBA graduates in year 2015.
It’s a positive signature of growing Indian economy and
technological adaptations. Tremendous placement
opportunities for B-Schools are open ahead in India.

As per India Skills Report 2014, we found out that of
all the students entering the job market across the
country, hardly 1/3rd meet the criteria of the
employment set by the employers. The severity of the
situation is accentuated by many levels when the
economy is looking up, new jobs are getting
generated; but there are not enough “skilled” people
available.
Add a caption here

In year 2015, Out of about 3, 00,000 candidates who
appeared for the Wheebox Employability Skill Test
across domains, 37.22% were found employable. It
shows an increase of 3.27 % in comparison to last
year when the employability
percentage was just 33.95%.
This improvement, though minimal, is good news and
does show that the initiatives taken up by
government towards skill development are moving in
the right direction.

Industry & Academics-have both realized that the gap
in the supply of employable manpower cannot be
bridged without their close cooperation & continued
engagement.
However the effective interface has not emerged
inspite of all well-meant discussions; is
only partially effective at the implementation level &
the output of mid segment colleges continues to be
woefully out of sync with industry expectations.
This leaves industries with no option but to keep
chasing a few good institutes in IIT/ NIT/IIM category,
seriously limiting the supply options of quality
manpower at sustainable costs.
The shortage of appropriately skilled labor across
many industries is emerging as a significant and
complex challenge to India's growth and future.

Gap Analysis
According to NASSCOM (National Association of Software Companies), each year over 3 million graduates
and post-graduates are added to the Indian workforce. However, of these only 25 percent of technical
graduates and 10-15 percent of other graduates are considered employable by the rapidly growing IT and
ITES segments. Hence, what we have today is a growing skills gap reflecting the slim availability of highquality college education in India and the galloping pace of the country's service-driven economy, which is
growing faster than most countries in the world.

The employment landscape is simple to understand
but difficult to measure and cure accurately. Total
numbers of engineering and management graduates
produced every year in India are in slight surplus
against the total demand. When it comes to
statistics the figure reaches to 30% in overall respect
.It is good to see that employment sector growth is
also nearing to 23 %, which means the surplus is
remaining up-to 7% only and that too is manageable
in near future.

Looking at supply ends (the academic institutes) look
healthy, demand ends (the employers) are also in
good shape. On the ground zero level situation is
that not all graduates are suitably employable and
consequently companies struggle to get their
demand fulfilled by quality talent.

There has been significant growth in engineering and
management colleges in last few years, good news
is, Industry has also grown at almost similar pace.

The current educational era needs the ground level
transformation from producing the degree holders
to producing the degree holders with right, scalable
and sustainable employability skills in both
technology and management education systems.

Still only 10% of the students are able to secure their
dream jobs as first job while 23 % of them
compromise with not so good jobs as per their wish.

The statement becomes stronger here that colleges
have to create industry ready candidates with the
quality fit.